College planningFinancial PlanningFinancial planning for new parentsU.S. News

Strategies to Maximize College Savings and Financial Aid

By April 6, 2016May 26th, 2020No Comments

This article was originally published by U.S. News and written by Kristin McFarland, CFP®, Wealth Advisor at Darrow Wealth Management

Paying for college is a significant concern for many families. Federal financial aid may be a deciding factor in where a student goes to college, even for families who have been diligently saving. With proper planning, it’s often possible to develop a strategy to help maximize your family’s financial aid eligibility.

Whether you’re relying on aid, loans, or plan to self-fund, knowing the benefits and limitations of college savings vehicles can help you navigate your options.

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